Federal Realty Investment Trust (FRT) was Initiated by Mizuho to “Neutral” and the brokerage firm has set the Price Target at $158. Mizuho advised their investors in a research report released on Apr 14, 2016.
Many Wall Street Analysts have commented on Federal Realty Investment Trust. DA Davidson Initiated Federal Realty Investment Trust on Apr 1, 2016 to “Neutral”, Price Target of the shares are set at $160.
On the company’s financial health, Federal Realty Investment Trust reported $1.37 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Feb 9, 2016. Analyst had a consensus of $1.38. The company had revenue of $192.50 million for the quarter, compared to analysts expectations of $187.43 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.
Federal Realty Investment Trust closed down -0.2 points or -0.13% at $155.91 with 2,51,787 shares getting traded on Monday. Post opening the session at $156.24, the shares hit an intraday low of $155.51 and an intraday high of $156.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 17, 2016, Donald C Wood (Trustee, President and CEO) sold 20,860 shares at $147.15 per share price. According to the SEC, on Mar 16, 2015, Dawn M Becker (EVP-COO, General Counsel & Sec) sold 8,203 shares at $141.15 per share price.
Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company is engaged in the ownership management and redevelopment of retail and mixed-use properties. As of December 31 2014 the Company owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 89 retail real estate projects comprising approximately 20.2 million square feet. These properties are located primarily in the Northeast and Mid-Atlantic regions of the United States as well as in California. As of December 31 2014 the Company owned six retail real estate projects totaling approximately 0.8 million square feet through a joint venture in which it owns a 30% interest. As of December 31 2014 the Company’s real estate projects were 95.6% leased and 94.7% occupied.